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Property profile & analytics
OFF-MARKET
Estimated value
$1,595,000
Office buildings
27 Main St, Topsfield, MA 01983-1852
Entity Owned
22-yr Hold
~
Est. High Equity
Property ID
US38-1304238
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1987
Construction
FRAME
Total area
3,718 SF
Lot
0.28 ac (12,197 SF)
Zoning code
BV
APN
TOPS M:0041 B:0035 L:
UPID
US38-1304238
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Gillis Law LLC Law Firm
-
Guerrilla Billboards Corp. Marketing & Advertising Advertising Agency
-
American General Life Insurance Agency
-
Continental Business Media Publishing House
-
Windsor Wealth Management Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.70M
Comparable Approach
Comparable
$1.37M
Blend (final)
Blend
$1.60M
Owner & transaction history
Marston St LLC · 22 yrs held
Marston St LLC
since 2003
7 recorded transactions
Zoning & alternative use
BV · Topsfield, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Topsfield submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Topsfield submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,840,000
6.5%
$1,700,000
7%
$1,580,000
Blend value · Realmo final
$1.60M
Range $1.44M – $1.75M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$429 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$12,235
Tax year 2024
Assessed value
$832,900
Assessed 2024
Previous assessed
$832,900
+0.0% YoY
Effective rate
1.47%
On assessed value
Assessed land
$541,000
Assessed improvement
$291,900
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1987
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
4
Bathrooms
2
Total area
3,718 SF
Lot
0.28 ac (12,197 SF)
Zoning code
BV
APN
TOPS M:0041 B:0035 L:
UPID
US38-1304238
Jurisdiction
TOPSFIELD
Metro division
ESSEX COUNTY, MA METROPOLITAN DIVISION
Zoning & alternative use
BV · Topsfield, MA
Zoning BV · permitted uses
BV · Topsfield, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Topsfield. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1987
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
4
Bathrooms
2
Lot
0.28 ac
Current owner
From public records · entity-resolved
Marston St LLC
Entity
Mailing address
25 HANCOCK ST, NEWBURYPORT, MA 01950-3136
Ownership since
2003
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 19, 2004
—
Marston Street LLC
—
Deed Of Trust
related
$125,000 · Southern Nh Bank & Trust
Aug 1, 2003
$570,000
Marston St LLC
Cushman Mgmt Assoc INC
Grant Deed
$400,000 · Southern Nh Bank & Trust
Jun 11, 1997
—
Cushman Mgmt Assoc INC
—
Deed Of Trust
related
$650,000 · Frederick M Cushman
Sep 30, 1992
$315,000
Cushman Management Ass
North Shore Fincl Ser
Grant Deed
$252,000 · Ipswich Savings Bank
Dec 27, 1991
$335,000
Shore Finc Serv North
Historic Topsfield Tr
Grant Deed
—
May 8, 1989
—
Historic Topsfield Tr
—
Deed Of Trust
related
$100,000 · First National Bank Ipswch
May 31, 1988
—
Hictoric Topsfield Tr
—
Deed Of Trust
related
$75,000 · Ipswich Savings Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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